The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-08-06
THE MORNING NEWS: SATURDAY, AUGUST s, 1887

middnG uplands Toe, middling Orleans lOlsc;
sales to-day 4o6 bales; gross receipts sos bales.
Futures-Market closed steady, with sales of
10000 bales, as follows: August delivery SOC
Ga9 SIC, September 8 1900 3Sc, October 92500
0 &c, November 5000 2lc, December 900
2ic, January 24c, February 3iG19 SIC, March
Q 3SGl9 soc
Green & Co. S report on cotton futures saws:
Trading in cotton contracts has been moder-
ately active on an irregular market, At one
time during the day rates were SG84 points above
last evening. but on the average. the tendency
was in buyers favor and the cost finally settled
off l1pi points under last evening Crop reports
tons have hinged, with the local feeling some
what bearish and generally inclined to crowd
the market under any lapse of demand. English
accounts are tame, but there is reported in
quiry from the continent for the late months.
August was slow and forced II little under an
issue of notices, closing 5G97 points under last
evening""
Weekly net receipts -- bales, gross 1921;
exports, TO Great Britain 7,4Gl bales. to the
continent Sl06, TO France ii, sales 1920 bales,
stock 80, 076 bales.
GALVESTON, Aug 5.-Cotton steady; middling
9lsc.
NORFOLK, Aug. 5.-Cotton steady; middling
foe
BALTIMORE, Aug 5,-Cotton nominal; mid
ding lOlhc.
BosroN Aug. 5.-Cotton quiet; middling 1Ol5c.
WILMINGToN, Aug. 5.--Cotton nominal; mid
ding 1Oc.
PHILADELPHIA, Aug 5.-Cotton quiet mid
ding l0Ssc.
New ORLEANS, Aug. 5.--Cotton quiet middling
93sc.
MORRILL, Aug 5.-Cotton nominal; middling
91Sc.
MEMPHIS, Aug. Cotton dull; middling
99sc,
AUGUSTA, Aug. 5.--Cotton quiet but steady;
middling l0c.
CHARLESTON, Aug. 5.-Cotton quiet and nomi-
MONTGOMERY, Aug. Cotton steady; mid
ding 915c
MAcoN, Aug -Cotton-middling 9lGc.
COLUMBUS, Aug. 5.-Cotton quiet; nnddling
l014c.
NASHVILLE Aug. 5.-Cotton quiet but steady;
middling l01Ic
SELMA, Aug. 5.--Cotton steady; middIng
104c.
ROME. Aug. 5-Cotton-m iddling l04c
ATLANTA, Aug. 5.--Cotton-niddling &C.
NEW York, Aug. 5.--Consolidatcd net receipts
for all cotton ports so far this week 1899 bales;
exports, to Great Britain l7.051 bales TO the
continent 3,l06, to France Il bales.
PROVISIONS. GROCERIES, ETC.
LIVERPOOL, Aug. 3, 1890 p. m.-Wheat-Cali-
fornia No. /, IS Sd@7sd; red Western spring 6s
2d606s Sd; red Western winter Is 3d06S sd. The
receipts of wheat for the past three days 23i,-
coo centals, including 127 900 American Corn
new mixed Western Is lid The receipts of
American corn for the past three days 81, 200
centals Weather warm and dry Wheat dull;
demand poor; holders offer freely. Corn quiet;
demand fair.
NEW YORK, Aug 5, noQn.-Flour duh. Wheat
steady. Corn lower. Pork steady; mess SIG $50
16 %. Lard quiet and weak at So 90. Old mess
pork steady at Sl5 25GD15 rs Freights steady.
800 p. m.-Flour, southern quiet and about
unchanged. Wheat-spot declined 8Qg34c and
options 9401c, closing weak at trlie above
bottom; ungraded spring SOC, ungraded red '3
G131c; No. , red, August delivery 's1407S@sc,
September 70lA6G70slc, closing at 79l1c. Corn
spot quiet and generally steady; options ls4D94c
46l4@l471Gc; No. ., August delivery nominal at
4Gc, September f15GG49 1-l6c, closing 4'4c.
oats a shade lower; options steady; NO. Z, 3l2s
631I6c; mixed Western 3i6l86c No =, August
and September delivery 3ls463llec, closing
3l3sc. Hops quiet and steadily held. Coffee,
fair Rio, spot steady AZ 10c; options fairly
active but lower; No. Z Rio, not quoted; Sep
TENDER delivery Il 45D17 5)c, October Il 300
II SOC. Sugar steady and in moderate demand;
fair refining quoted at 4 9-lGc; refined quiet
Molasses dun. Cotton seed oil quoted 2SGg3lc
for crude 4l6l43c for refined. Hides firm but
rather quiet Wool quiet and steadily held.
Pork firm but less active; mess SIG 250l6 as for
new S15 25615 rs for old, Beef dull. Middes
dull and nominal Lard 96li2 points lower but
only moderately active: Western steam, on q! SPOT
or Freights steady: cotton SGD, wheat 21hd.
CHICAGO, Aug. 5.-As the rains came down IN
the coru belt, so must prices OF corn come down
on Change Even those who do not believe
that the present rains can save the crops are
ready to take advantage of the scare, ana save
themselves by selling. Wednesdays rains in
Kansas, which caused corn to come tunbllng
last night by general rains in parts of Iowa and
Nebraska. Besides kilograms were numerous
from points in Illinois telling OF showers. There
is nothing like excitement over corn TO arouse
the speculative interest Of the people of the
whole Western country, and country orders III
such cases are apt to control local crowd or
spectators. The moment the market opened
this morning the scene i'll the corn pit became
one of great activity ard excitement. Operators
swarmed from other grains and from provis-
ions, and selling was the order of the morning
F,x. n. Han s.iaNF
and at once began 10 decline The volume Of
trading was enormous, and there was an unset
tied feeling September corn went to 3y380
38lhc. Before noon, however, the crowd re-
covered from its fears, and the leading future
sold up to 40lc, and still later back to 391sc
Great interest Centered in May corn, which ut
the outset sold in various parts of the pit from
Ale down TO 43hc, the latter being given as
the first official quotation. From the opening
figure the price was dragged down to 433gc
from which point IL rallied and sold up TO dc
The closing quotations Tor the day left corn
from ii4c TO 115c lower. The bull arguments
for wheat seemed to avail nothing today until
near the close. Early in the day prominent
operators were predicting that the collapse OF
the California corner will probably admit of
better markets here, as it has all along been We
garded as an element of danger and assistance
to bears in holding prices down since the June
tumble 1t was also figured that the increase OF
the visible supply on MONDAY next viii he less
til n 100000 bushels, while one year ago il
was over 1000 900 buSh"3. The receipts of new
wheat are becoming lighter, aud fair amount
is leaving Chicago. and exports are moderate.
With these facts before them, there was IN the
local crowd either a sire to sell, or do nothing
in wheat. September wheat opened al 691Ac, or
SIC under yesterday. IL then declined for want
of buyers to G31dc and later steadled at about
G9c October sold at 703$c and Tic. and Decem-
Der 733IGl7l5Ec, the range of prices half an hour
before the closing being nc under the closing at
D. M yesterday. At this time the recovery
began. aud September closed at G9lGc. Oats
also opened weak and Nc lower, but during the
morning there was a slight advance, which very
fair demand existed, and prices were change
closing quotations. as compared with the
cosingS OF yesterday, show lpG1}Sc decline.
only limited business was transacted In the
market for hog products Offerings Of some
articles were free early, while the demand was
light and lower prices were accepted. Later the
demand was fair while the offerings were light,
and a portion OF the decline was recovered.
Short rib sides appeared 10 be on somewhat OF
an independent basis, while mess pork and lard
rulgd easier, trading chiefly In September, Octo-
Der and January deliveries.
Cash quotations to-day ruled as follows:
Flour steady and unchanged. Wheat, No. 2
spring 66Ec No. spring nominal; No. . red
G'iNc. Corn, No. 2, 3SNc. Oats. No. .. 2i16c.
Mess PORK, SIS. Lard, per 100 lbs, 80 521I0
Il J5 Short rib sides, loose, 500 Dry sailed
shoulders boxed, s. 10GlJ ~; short clear sides
boxed s. 3O6ls IS. Whisky 81 10
Leading futures ranged as follows:
Opening. Highest. Closing.
No. WHEAT
August delivery. e7sS G7l4 eGA